Over 1,600 flats unsold in Nashik: Credai

Around 8,500 flats are under construction across the city, according to a primary survey conducted by the Confederation of Real Estate Developers' Association of India (Credai), Nashik.TNN | August 27, 2016, 17:00 IST

NASHIK: Around 8,500 flats are under construction across the city, according to a primary survey conducted by the Confederation of Real Estate Developers' Association of India (Credai), Nashik.

The survey also revealed that 1,687 ready flats are unsold.

Credai conducted a survey of vacant and under-construction flats in a bid to have the actual data of supply in the city. The association has 258 members, of which the survey of properties by 50 builders has been completed.

Sources in the Credai said, "Of the total flats under construction, around 5,500 are by six big builders. The other 3,000 under-construction flats are by 44 builders." Market sources said that close to 3,000 ready flats worth Rs 900 crore are lying vacant or unsold.